Make/Save/Invest

By Miguel Dos Anjos I am writing this blogpost July 10, 2020. As we know we are going throw some complicated times with this new virus, which have created lots of volatility in the market and opportunity. Some places are getting new surges but it does seem we might have a bigger than expected herd immunity. So here I want to provide some guide and thoughts on how to start investing and for the second part of this post I will cover how to choose the right companies. Disclaimer: I’m sharing with you what I did and what I do. Consult with your financial adviser and take in consideration your specific situation. When investing one can lose money. Because so many companies are now on sale 50% off or even 75% off. While we want to invest to get profit even when investing in a company that is hurting at the moment we need to know that that company will pick up and keep walking and not just die off and bankrupt.   How to Invest in the Stock Market There are different ways. Do you w

By Miguel Dos Anjos We spend 13 to 25 years in school, and why is it that in no point we are taught Financial Education? We are told and taught that we need to get degrees, and study so we can get a high paying job but at no point it is explained to us how to manage our finances. They never taught us what are good financial practices? What are bad financial practices? Or how to go about it. So even the most successful people among us, that get the highest paying jobs, still financially struggle. And only the top 1% of the population develop Financial Intelligence and manage to get way further ahead and stay there permanently. How Many Years in School?! At age 5 we go to kindergarten, and some of us even earlier than that go to pre-k, and school starts teaching us. From Kindergarten to High School senior year is 13 years. If we get a Bachelors, add another 4 years so we now have 17 years of school. If you choose certain fields that requires longer time, such as medical, add another

By Miguel Dos Anjos                 Disclaimer: I am not a financial adviser, and I am not a doctor. Consult your financial adviser, and/or your doctor, and do your own research before making changes to your life.                 During our entire lives, and often times especially as we age, we will need to take care of our bodies and fight off sickness. Being financially well does not mean much if your body and mind are not well enough to allow you to enjoy all you have built. If you are searching a peaceful worry-less future, and/or retirement; being healthy will help you live longer.   Feeling Good  Being healthy helps immensely feeling good. Being sick or in pain often times sucks the joy and happiness out of us. If you want to build wealth, and reach beyond the stars; being healthy will be vital. Strengthening you to work long and hard, enjoy the journey and not being miserable. Would it be worth to be miserable for 20 or 30 years so maybe one day in the future you cou

By Miguel Dos Anjos                 Most people if not everyone could benefit from working with a financial advisor. But due to costs it is not entirely easy. A financial plan done by a financial planner may cost $1k or more, or hundreds as monthly fees. They may also charge 1% or so of the asset investment. Meaning that if you have $100k to invest the financial adviser cost would be $1k. But at some point financial advice cost may repay back towards the future. Find the balance of what the cost is and what the pay back return would be is essential.   As You Grow                 As you build up, acquire investments, property, a business or inherit a large sum it may be helpful to acquire professional help that goes beyond what one can find alone on an online search engine.                 It is nice to keep in mind that a financial adviser, similar to a general doctor with many years of experience, will not know everything. So an adviser with the expertise in the field th

By Miguel Dos Anjos                 Living below your means requires spending less than you earn. It does not mean having to deprive yourself, being miserable or not having fun. All that is fine as long as at the end of the month all the money coming in is more or enough to cover all monthly expenses.                 With credit cards, car loans, student debt and all the expenses you may have living below your means may seem hard or impossible. I have good news for you: it is surely doable. Here are some tools to help with that: 1- Budget                 Develop a budget and follow it. Write on a paper all your monthly expenses. Recurring expenses, and emergencies. Allocate an amount of money designated for the case of emergencies. With time, six to twelve months your budget will become more accurate. Once all Expenses are added subtract them from your your incoming money. As long as you get a positive number you are living below your means. If you end up with a negative numb